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A company takes out a loan for $120,000 for a duration of 3 years. The loan has an interest rate of 7.5% and the interest

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A company takes out a loan for $120,000 for a duration of 3 years. The loan has an interest rate of 7.5% and the interest is compounded. Determine the total payback for the loan if all the interest and loan balance are paid the end of the 3 years

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